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506 East Ridge Road

506 East Ridge Road, Arlington Heights, IL 60004
Property in Wheeling
Sold Jul 28, 2021
$1,205,000
$964,000 by Guaranteed Rate Inc
Mortgage Due Aug 01, 2051
Sold May 03, 2006
$495,500
$396,400 by Abn Amro Mortgage Group Inc
Mortgage Due May 01, 2036
506 East Ridge Road has been categorized by the local assessors in Arlington Heights, IL as a residential type of property. The building on the property was first built in 2007 and is 17 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 506 East Ridge Road has 3,704 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 2,000 ft. The area measurement of the land has been determined as 20,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there are a total of 4 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 506 East Ridge Road was last sold in Jul 23, 2021 for $1,205,000. According to our calculations, that's $325.32 per sqft. Prior to that sales transaction, the property was sold for $495,500 in May 2, 2006. Current property owners are expected to pay $14,522 in taxes per year. The property on 506 East Ridge Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $58,500. To break that down further, the land itself was valued at $10,000. While improvements to the property were assessed at a total of $48,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Exterior Insulation Finishing System

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 20,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 3,704
  • Gross Building Area: 3,704
  • Building Area: 3,704
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,704
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ECKHARDTS PINEGATE HIGHLANDS
  • Land Acres: 0.459
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HARRY J (ECKHARDTS) (PINEGATE) (HIGHLANDS) SUB OF S 1 438 FT OF EH NW SEC 17-42-11

Ownership

  • Current Owner : ARTZ JANELLE K
  • Current Owner 2: ARTZ MICHAEL E
  • Previous Owner : MEYER DOUGLAS L
  • Previous Owner 2: MEYER KARLA A
  • Owner Before Previous Owner: WITTMEYER RONALD F
  • Owner Before Previous Owner 2: WITTMEYER CAROL A
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803008

Geography

  • District: 38
  • Parcel: 03-17-106-015-0000
  • Lot: 61
  • Meridian: SEC 17 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1183
  • Longitude: -87.9763

    Address

  • Full Address: 506 E Ridge Rd
  • Address - House Number: 506
  • Street Direction: E
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C058
  • 4-Digit Zip Code: 2553
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,522
  • Tax Rate Code Area: 38023

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 949,744
  • High Value: 1,163,795
  • Low Value: 735,694

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $964,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $964,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $585,000
  • Market Land Value: $100,000
  • Market Improvement Value: $485,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,500
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $48,500

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Transaction ID: 11846073766
  • Current Sale Price: $1,205,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2120904116
  • Previous Sale Recording Date: May 03, 2006
  • Previous Sale Contract Date: May 02, 2006
  • Previous Sale Amount: $495,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jul 28, 2021
  • First Mortgage Loan Amount: $964,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: ABN AMRO MORTGAGE GROUP INC
  • Previous Mortgage Transaction Date: May 03, 2006
  • Previous Mortgage Loan Amount: $396,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2036

About Arlington Heights



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1908 N Evergreen Avenue, Arlington Heights, IL, 60004 Listing by Karen Majerczak

Frequently Asked Questions

What neighborhood is 506 East Ridge Road located in?
The 506 East Ridge Road is a located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 506 East Ridge Road?
The average sales price for units in 506 East Ridge Road is $0 currently.

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